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Existing Home Sales YoY Flat in August, Inventory Still Missing (Median Prices Up 5.6% YoY)

This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

According to the National Association of Realtors, existing home sales YoY were flat at +0.2% growth (while down 1.7% MoM from July to August). Hurricane season isn’t helping existing home sales.

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The median price of existing home sales YoY grew at 5.6%.

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Existing home sales inventory is still missing as in 1999-2001 levels.

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Let’s see what The Fed announces at 2pm regarding interest rates.

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